India’s Soaring Real Estate Market

The land for development in India is limited, the population is over a billion, the money made through legal and illegal means is plenty, and the aspirations for western style lifestyle and comfort is on a rise. All these have fueled an unprecedented growth in the real estate market. Real estate ads promise luxury homes but rarely do they deliver one. Shoddy construction, incomplete work, land and other forms of disputes, unprofessional and untrained labor, often affect what is delivered. In spite of all this the builders are making a huge amount of money and so are the property owners who have seen their property price rise 4-5 times in a matter of few years.